Based on these results, we conclude that TSF and CSF are separate entities.

Any acceleration in bond issuance could help boost TSF.

But she noted that TSF is notoriously volatile and may not continue to be this high.

Analysts polled by Reuters had expected April TSF of 2.65 trillion yuan.

Johannesburg and Soweto A large Tailing Storage Facility (TSF) resides on the outskirts of the city.